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Market Moves: Week Ending 14 June 2024

Risk-on, big tech ETFs (FANG, HNDQ, LNAS, SEMI) were the top performers last week after data releases in the US showed slowing inflation and a weaker labour market. Rate cut odds for September jumped to 75% on the releases despite the Fed dot plot signalling only one rate-cut in 2024.¹
Cryptocurrencies (EBTC, EETH, IBTC) were the worst performing assets of the week as Bitcoin ETFs snapped a 19-day win streak of inflows, losing US$65 million to net outflows last Monday.²
There were $404.6 million in reported inflows for the week and $97.5 million in outflows, marking a week of net inflows for the Australian ETF industry.

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Looking for more ETF Express content? Check out this week’s Thematic Spotlight and Commodity Calls.

^{Forecasts are not guaranteed and undue reliance should not be placed on them. This information is based on views held by Global X as at 18/06/2024. Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit nor guarantee against a loss.}

^{Brokerage commissions will reduce returns.}

^{This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.}

Authored by: Justin Lin

Date:
Jun 18, 2024

Category:
Reports

Topics:
ETF Express, Market Moves

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